Good evening StockBandits!
Welcome to this week’s Charts on Demand video! Through this weekly feature, my aim is to provide you with some deeper education to improve your chart-reading skills by reviewing member-submitted charts. By staying objective and identifying areas of support, resistance, momentum or apathy on the charts, we can better determine which setups are viable plays and which may need more time.
Thanks to those of you who participated this week! I’ve put these in alphabetical order, so feel free to jump ahead if you’re short on time. Please note this weekly video cannot be emailed out due to its file size, hence the reason you did not receive a copy of it in your inbox this evening. Also, be advised that given the length of the video, it may take a bit longer to download and begin playing, so please be patient.
By the way, QIHU triggered a swing entry today:
In the video, I’ll try to keep it moving and if you have follow-up questions please feel free to ask them in the comments section just beneath this video. Here we go – Enjoy!
Here is this week’s video (watch in full-screen for best quality):
Hi Jeff,
recently you talk so much about gaps. More even than support and resistance, momentum, etc. At least so it seems to me. May be in the next COD you can highlight a little why you think they are so important.
Thanks
Helmut
Hi Helmut, gaps are simply becoming more frequent of late and that tends to be the sign of a more volatile market. They are not more or less important than support or resistance, they just are more prevalent at the moment. In terms of the averages, we tend to keep gravitating toward unfilled gaps more than specific levels, which is why I’ve been pointing them out more often. As key levels emerge, I’ll of course continue pointing to them as I always have. Hope this helps!